Asciano has reported a net loss approaching $1 billion, reflecting a large tax impairment charge and characterised by weak earnings in its ports and intermodal businesses, but a strong result from its coal haulage business has improved the result.
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Following the recent residents' rally opposing the Moorebank Intermodal Terminal, the facility's necessity and viability have been called into question, causing some confusion regarding container numbers.
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Container trade through Port Botany increased 8 per cent in the 2009/2010 financial year, with a large part of the volume driven by Asia. Annualised throughput has exceeded 1.9 million TEU.
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Following Patrick's move to increase rail charges and vary conditions at Port Botany, a second major rail operator has responded, criticising Patrick.
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Wettenhalls has merged the Wettenhalls Group and Warrnambool's Westvic Container Services, a merger that the company says will deliver the entire Western Region of Victoria a high efficiency, high capacity multimodal logistics network.
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Adelaide-based SCF Group has recently unveiled its name change and significant re-branding incorporating container design and uniforms, and took its innovative container designs on Advantage SA's Innovation Tour.
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Asciano has announced a long-term rail haulage contract with Australian freight forwarding company Sadleirs Transport that will generate over AUD 150m in revenue over the next seven years.
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Following Patrick's reported intention to exit its NSW regional containerised grain transport operations, Patrick's major customer in Narrabri has now reportedly signed a deal with POTA for the transport of 12,500 TEU per annum to Port Botany.
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The financially troubled Asciano Group has closed its expressions of interest invitation. The company's share price rose significantly on the news that a number of offers had been received, before falling back again to $1.40 at close of business today.
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NTP Forklifts Australia has recently launched two new ranges of Jungheinrich battery electric counterbalance forklift trucks into the Australian market.
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The new Nuvi 465T speciality trucking GPS from Garmin has all the features of an in car GPS, along with specialised routing options and truck friendly points of interest
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In today's busy material handling world the demand on productivity is high. This often increases risk. Bearcat Tyres can solve some of the daily issues by way of their Tyre Watch tyre pressure monitoring systems - or TPMS
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An exciting opportunity with substantial earnings potential if you can convert business opportunity into new revenue streams is available in our WA and QLD office.
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MHD
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